Valent Inc. leases motor vehicles. The following selected transactions relate to certain securities acquired as a long-term investment by Valent Inc., whose fiscal year ends on December 31:
2007
Sept. 1. Purchased $800,000 of Ivan Company 10-year, 9% bonds dated July 1, 2007, directly from the issuing company, for $853,100 plus accrued interest of $12,000.
Dec. 31. Received the semiannual interest on the Ivan Company bonds.
31. Recorded bond premium amortization of $1,800 on the Ivan Company bonds.
The amortization amount was determined by using the straight-line method.
(Assume that all intervening transactions and adjustments have been properly recorded and that the number of bonds owned has not changed from December 31, 2007, to December 31, 2012.)
2013
June 30. Received the semiannual interest on the Ivan Company bonds.
Aug. 31. Sold one-half of the Ivan Company bonds at 102 plus accrued interest. The broker deducted $500 for commission, etc., remitting the balance. Prior to the sale, $1,800 of premium on one-half of the bonds is to be amortized, reducing the carrying amount of those bonds to $405,600.
Dec. 31. Received the semiannual interest on the Ivan Company bonds.
31. Recorded bond premium amortization of $2,700 on the Ivan Company bonds.

Instructions
Journalize the entries to record the foregoing transactions.